609 6th Ct, Panama City, FL 32401-3605
This exceptional investment opportunity presents a 5,247 square foot, single-story medical office building constructed in 2020, located at 609 E 6th Court, Panama City, FL 32401. The property sits on a 46,173.6 square foot lot and is currently 100% leased to reputable tenants with reliable lease agreements. The building boasts a contemporary design and features two mirrored sides, maximizing functionality and workflow. Ample parking is available for staff and patients. Its strategic location offers easy access to major highways 231, 77, and 98, ensuring convenient transportation. The asking price is $1,400,000. The property includes four parcels: 20364-000-000, 20365-000-000, 20366-000-000, and 20367-000-000. Approximately 2,400 square feet of space could become available relatively quickly if needed. This prime location in a major medical hub provides both immediate rental income and significant long-term appreciation potential, making it an ideal investment for discerning buyers seeking a stable and profitable asset. The property's proximity to Ascension Sacred Heart Hospital further enhances its desirability and value.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PC04 · Panama City, FLPanama City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.